Hungary May-July Jobless Rate Falls

Hungary’s unemployment rate decreased in the three months ended July, figures from the Hungarian Central Statistical Office showed Friday.

The unemployment rate fell to 6.8 percent in the May to July period from 6.9 percent in the April to June period. In the March to May period, the rate was 7.1 percent.

In the corresponding period of the previous year, the jobless rate was 8.0 percent.

The number of unemployed people declined to 305,800 in the three-month period to July from 310,400 in the previous three months. A year ago, the jobless figure totaled 356,400.

The youth unemployment rate, which applies to the 15 to 24 age group, decreased by 4.1 percentage points to 17.7 percent in the May to July period.

At the same time, the employment rate came in at 56.0 percent in the three months ended July, up from 55.7 percent in the prior three-month period. The number of individuals employed rose to 4.22 million from 4.20 million.

The material has been provided by InstaForex Company –